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Fed Hopes Inspire Buyers
Despite Oil-Price Rise

NEW YORK -- Small stocks started June with a bang, reflecting growing hopes the Federal Reserve is close to ending its series of interest-rate increases.

Small Internet service providers slid after large-cap SBC Communications said it will offer high-speed access for less than what some dial-up providers charge. United Online fell $1.92, or 14.8%, to $11.02, and EarthLink fell 1.00, or 9.4%, to 9.58.